Spectrum Active Advantage Fund (SAPEX)

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The chart shows the growth of an initial investment of $10,000 in Spectrum Active Advantage Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Spectrum Active Advantage Fund (SAPEX) has returned -5.79% so far this year and 10.17% over the past 12 months. Over the last ten years, SAPEX has returned 4.59% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 4, 2016, SAPEX's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, your investment would double in approximately 12.3 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +9.8%, while the worst month was Mar 2020 at -13.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, SAPEX closed higher 52% of trading days. The best single day was Apr 29, 2020 with a return of +5.8%, while the worst single day was Nov 20, 2020 at -15.5%.

Spectrum Active Advantage Fund has an annualized alpha of -2.47%, beta of 0.68, and R² of 0.53 versus S&P 500 Index. Calculated based on daily prices since January 05, 2016.

• This fund participated in 80.94% of S&P 500 Index downside but only 57.80% of its upside — more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -2.47% versus S&P 500 Index — delivering less than market exposure alone would predict.
• Beta of 0.68 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

SAPEX has a high expense ratio of 1.69%, indicating above-average management fees.

SAPEX ranks 45 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Spectrum Active Advantage Fund (SAPEX) and compare them to a chosen benchmark (S&P 500 Index).

Spectrum Active Advantage Fund provided a 5.07% dividend yield over the last twelve months, with an annual payout of $0.94 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Spectrum Active Advantage Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Spectrum Active Advantage Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Spectrum Active Advantage Fund was 40.48%, occurring on Mar 13, 2023. The portfolio has not yet recovered.

The current Spectrum Active Advantage Fund drawdown is 22.31%.

The chart below shows the rolling one-month volatility.